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[U.S. Lawmakers Reintroduce the 'Keep Innovation in America Act' to Promote Crypto Tax Reform] According to CoinDesk, U.S. lawmakers Steven Horsford, Max Miller, Suzan DelBene, and Mike Carey jointly reintroduced the 'Keep Innovation in America Act' this Wednesday. The bill includes provisions such as: no gains or losses incurred when stablecoins are redeemed at no less than 99% of their value; establishing a safe harbor for broker transactions; clarifying that 'wash sale' rules apply to digital assets; and requiring the IRS to assess the feasibility and risks of exempting crypto transactions under $200 from taxation. Horsford stated that tax policy is the foundation of crypto regulation, and there are still many ambiguities in the current tax code.

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